ESS Corporate Responsibility (CR) Solution™
Corporate Responsibility (CR) is a means for your business to do what it is good at...increasing shareholder value...in a manner that is sustainable long-term for investors. Attention to CR can help identify new business growth opportunities, help you do better risk management, and realize cost reductions in the stakeholder engagement process.
Business Value
Drive Business Growth
- Generate Stock Demand - An estimated $1 of every $9 invested in the US includes CR performance criteria. Give institutional investors the verifiable data they need. Position yourself better within the Carbon Disclosure Project, the Dow Jones Sustainability Index (DJSI) and other investor-driven initiatives.
- Attract, Motivate, and Retain Staff - Embedding CR in business strategy and execution is a powerful motivator to staff in today’s competitive market for top talent.
Improve Risk Management
- Uncover and Address Hidden Operational Risks - At its best, CR is not an annual event. Active data management uncover risks while they can still be proactively addressed. This contrasts with annual CR reporting, which uncovers problems when it is too late to address them.
- Protect and Enhance Corporate and Brand Image - Solid CR performance can enhance public perception of a company and improve the marketability of its products and services. Bigger issue for companies making finished goods than raw materials.
- Gain Regulatory Flexibility - A record of strong and effective sustainability performance can earn flexibility with government regulators which can make expanding or establishing new operations much more quickly.
- Avoid Nasty Supply Chain Surprises - Your business success is highly tied to supply chain performance, and proper monitoring systems reduce risk.
Realize Cost Reductions
- Simplify Customer Responses - Up-to-date CR data is needed to support business to business customer data requests.
- Reduce 3rd-Party Assurance Costs - Consistent, centralized corporate data management is far easier and less expensive to third-party verify than 100’s of unsecure spreadsheets.
- Cut Annual Reporting Costs - Generate your reports months faster to global standards (i.e., GRI) with lower data handling costs and fewer chances for error.
Information Challenges
| Challenges | Solution Capabilities | End-of-year surprises on key performance indicators | Transparent ongoing management of KPI values vs. targets, using dashboards and data-driven notifications |
| Delayed production of CR reports to long after year-end | Report in a more-timely manner by automating data collection | ||
| Time consuming data collection from site operations | Replace 100s of manually-collected spreadsheets with a task-based data collection form. Capture source documents along with data values. Issue reminders. | ||
| Difficulty accessing data stored within other corporate databases | Integrate with SAP with our Certified Netweaver Interface, for data such as human resources statistics and purchasing records | ||
Solution Package
ESS offers this suggested solution package to meet the needs of evolving corporate responsibility programs. Our solution team will address your specific needs to develop a suggested set of software, content and services to quickly help deliver on improvement goals or eliminate critical business issues. Because we believe each customer is unique, ESS solution packages are designed to be tailored to individual needs. For information about the ESS Corporate Responsibility Solution, call 800.289.6116 or email us.
| Solution Package | Package Options | ||
Corporate Responsibility This solution provides the capabilities to automate data collection, centralize data storage and increase frequency and visibility of key performance indicators (KPIs) related to your environmental, social, and economic sustainability. |
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